Training Policy for Directors and Audit & Supervisory Board Members

The Company has established the Training Policy for Directors and Audit & Supervisory Board Members as described below with the aim to have its executives fulfill their duty, including legal responsibilities as well as those entrusted by shareholders.

  1. Newly appointed Directors/Audit & Supervisory Board Members (including Outside Directors and Outside Audit & Supervisory Board Members; the same applies hereinafter) are provided explanations concerning the following Group matters within approximately two months of appointment, by the Company’s CEO, a Director and/or an Executive Officer of the Company or the Company’s subsidiary (hereinafter “the Group”) appointed by the Company’s CEO.
    1. (1)Trends in our business and environment
    2. (2)The Group’s history, management philosophy and business overview
    3. (3)The Group’s management strategies, medium- to long-term business plan, budget plan
    4. (4)The Group’s managing status and financial health
    5. (5)The Group’s corporate governance system, internal control policies and organizational operation structure
    6. (6)Other important matters pertaining to the Group
  2. Depending on the experience and knowledge of the newly appointed Director or Audit & Supervisory Board Member, the Company will provide training opportunities related to the following matters and will provide support for expenses related to said training.
    1. (1)Finance/accounting, corporate finance
    2. (2)Laws and regulations related to Companies Act, corporate governance
    3. (3)Compliance
    4. (4)Other content the CEO have deemed to be a requirement
  3. In particular, persons who are promoted to the position of Executive Director will be provided training opportunities focusing on the following matters to develop their skills and qualifications, in addition to provide explanations, as necessary, on each of the matters under paragraph 1, training opportunities as noted in paragraph 2. The company will provide support for expenses related to training.
    1. (1)Business management conceptualization from the perspective of Company-wide and Group-wide management
    2. (2)More advanced leadership and implementation skills
  4. Additionally, the Company will provide appropriate training opportunities during the term of appointment for the Director/ Audit & Supervisory Board Member to constantly update the knowledge used in his/her respective role. The Company will also provide support for expenses related to training.
  5. Training opportunities noted in paragraphs 2 to 4 refer to those designated by the Company’s CEO.
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